Review of Chapter Ten
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
|
|
||||
|---|---|---|---|---|---|
| What does National income accounting provide information about? | a nation's economic activities
🗑
|
||||
| How do economists compute GDP? | the output-expenditure model. The model adds the output produced by the four sectors of the product market.
🗑
|
||||
| What are examples of personal consumption expenditures? | durable goods, nondurable goods, and services
🗑
|
||||
| Economists divide gross investment into two subcategories. What are they? | fixed investment and inventory investment.
🗑
|
||||
| Are government transfer payments included when calculating government purchases? | No
🗑
|
||||
| How do economists measure changes in price over time? | price indexes
🗑
|
||||
| What are transactions that do not involve money and are not recorded are nonmarket activities? | Nonmarket Activities
🗑
|
||||
| How do you calculate national income? | economists subtract subsidies and indirect taxes from net national product.
🗑
|
||||
| How many stages is the business cycle divided into? | 4
🗑
|
||||
| What is the contraction phase? | A period of business slowdown.
🗑
|
||||
| What are some things that affect the business cycle? | the level of business investment, availability of money and credit, expectations about future economic activity, and external factors
🗑
|
||||
| When do coincident indicators change ? | When the economy moves from one phase of the business cycle to another.
🗑
|
||||
| What do lagging incicators do? | help economists predict the duration of economic upturns or downturns
🗑
|
||||
| What is capital deepening? | an increase in the amount of capital goods available per worker.
🗑
|
Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.
Normal Size Small Size show me how
Normal Size Small Size show me how
Created by:
taraflynn